‘Millionaires tax’ would hike rate 61% on 22K Illinois small businesses – Illinois Policy

Research has shown that an increase in the top marginal tax rate is associated with a decrease in entrepreneurs’ hiring activity and lower wages for their employees. Illinois already has one of the highest unemployment rates in the nation and among the slowest wage growth.
Subscribe
Notify of

2 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
David F
1 day ago

Just say no to eliminating a fixed tax rate.
It’ll be like the tollway engr when it was 35 cents…

Free at Last
2 days ago

Who needs small businesses when you have the bears getting fat on your soon to be increased tax liabilities? I wonder where the bears ownership lives. You people really do deserve what you are getting.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE

2
0
Would love your thoughts, please comment.x
()
x